Proceeding with reforms, especially restructuring the banking sector and managing public finances, will be crucial to restoring confidence, protecting stability, and securing the necessary financing for reconstruction and recovery.
Lebanon's fragile recovery has suffered a severe setback due to the renewed conflict, which has increased the severity of the already existing social and economic crisis.
A recent World Bank report painted a pessimistic picture of the Lebanese economy, expecting it to contract by 6.4% and inflation to reach about 17.5%, with the poverty line rising …